In order to turn into a short-term upward trend...

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(BTCUSDT chart)
snapshot

(1M charts)
snapshot
The key is whether the price can be maintained by rising above 28465.36.


The intensity of the decline is increasing as the StochRSI indicator falls below 50.

Therefore, when entering an oversold section or turning upward, it is necessary to check at which point or section there is support or resistance.

Therefore, if the StochRSI indicator shows support above 28465.36 when it turns upward, it can be said that there is a high possibility of an upward trend.


(1W chart)
snapshot
It is located near the M-Signal indicator on the 1M chart.

The StochRSI indicator is on the rise.

We need to check whether the upward trend can be maintained even in newly created candles.

If the upward trend continues, it is expected to enter the overbought zone in the near future.

Even though it has entered the overbought zone, if the price rise is weak and does not rise above 29241.72, it is expected to eventually show a downward trend.


At this time, if it falls below 21258.0-23174.39, it can be said that a period of great volatility has begun.

Conversely, when the price rises above 29241.72-30767.38, it can be said that a period of great volatility has begun.


Therefore, the downtrend mentioned above means sideways within the 21258.0-23174.39 range to 29241.72-30767.38 range.


(1D chart)
snapshot

snapshot
A slightly altered trend line has been created from the previously created uptrend line (1).

Therefore, there is a possibility of a short-term bottom forming around the channel formed by this trend line.


We need to check whether the StochRSI indicator can break out of the overbought zone.

If it is out of the overbought zone and the price is maintained above the MS-Signal indicator, it is expected to turn into a short-term upward trend.

The key is whether the price can rise above 28142.85 with this short-term upward trend.

The volatility period is around October 20th, so it will be important to see if the price can stay out of the 25131.48-28142.85 range after this period.

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- The big picture
snapshot
The full-fledged upward trend is expected to begin when the price rises above 29K.

This is the section expected to be touched in the next bull market, 81K-95K.

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** All explanations are for reference only and do not guarantee profit or loss in investment.

** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA

** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.

** This chart was created using my know-how.

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Uwaga
(BTCUSDT 1W chart)
snapshot
The StochRSI indicator failed to enter the overbought zone and switched to a bearish indication.

Accordingly, if the price cannot be maintained by rising above the M-Signal indicator on the 1M chart this week, caution is needed as it may lead to a further decline.

If the price rises above the M-Signal indicator on the 1M chart and the StochRSI indicator switches to a bullish sign again, it is expected to lead to an attempt to rise above 29241.72.
Uwaga
snapshot
This week, when the weekly volatility period ended, it has surged more than 10%, rising above 29241.72.

Accordingly, if the price remains above 28142.85 and rises above 29241.72-30767.38 after the next volatility period around October 20th, a period of great volatility is expected to begin.

In the opposite case, if the price remains below 25131.48 and falls below 21258.0-23174.39 even after the next volatility period around October 20th, a period of great volatility is expected to begin.
Uwaga
It appears that we are moving into a period of great volatility.
Be careful with your transactions.
Beyond Technical AnalysisBitcoin (Cryptocurrency)BTCBTCKRWBTCUSDBTCUSDTBTCUSDTPERPTechnical IndicatorsTrend Analysis

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